Key facts
| Company | Erdene Resource Development (TSX: ERD) |
|---|---|
| Commodity | Gold |
| Location | Mongolia |
| Stage | Production |
Mineral resource estimates
8 reported estimates, newest first. Categories are as disclosed by Erdene Resource Development; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Effective |
|---|---|---|---|---|---|---|
| Proven reserveNI 43-101 | 2.7 Mt | 4.10 g/t | 360 koz | 1.80 g/t | 159 koz | Apr 20, 2023 |
| Probable reserveNI 43-101 | 1.1 Mt | 3.00 g/t | 105 koz | 1.70 g/t | 61 koz | Apr 20, 2023 |
| Probable reserveNI 43-101 | 200 kt | 7.00 g/t | 49 koz | — | — | Apr 20, 2023 |
| MeasuredNI 43-101 | 4.0 Mt | 3.03 g/t | 394 koz | 1.44 g/t | 197 koz | Apr 20, 2023 |
| IndicatedNI 43-101 | 3.3 Mt | 2.04 g/t | 219 koz | 1.22 g/t | 142 koz | Apr 20, 2023 |
| IndicatedNI 43-101 | 682 kt | 2.80 g/t | 62 koz | 2.00 g/t | 44 koz | Apr 20, 2023 |
| InferredNI 43-101 | 186 kt | 1.08 g/t | 6 koz | 1.32 g/t | 8 koz | Apr 20, 2023 |
| InferredNI 43-101 | 184 kt | 1.20 g/t | 7 koz | 1.20 g/t | 7 koz | Apr 20, 2023 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Feasibility study
Aug 15, 2023- NPV (5%)
- US$170M
- IRR
- 35.3%
- Payback
- 2.4 years
- Initial capex
- US$100M
- Mine life
- 6 years
- Gold price assumed
- US$1,800/oz
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.